Page 2 - Reliance Infrastructure

DMRC's woes may continue after Delhi govt refuses bailout for RInfra dues

Sources say key meeting between DMRC, central officials and Delhi govt was inconclusive on lack of consensus on modalities to infuse equity of Rs 5,000 crore into DMRC

RIL awarded project to make India's first multimodal logistics park

RIL emerged as the winning bidder for the public-private-partnership (PPP) project, with its own investment pegged at Rs 783 crore

DAMEPL issue: Senior officials of Delhi govt, Centre, DMRC to meet tomorrow

A meeting among senior officials of Delhi government, the Centre, Delhi Metro Rail Corporation (DMRC) and leading banks is slated to be held on Thursday, to discuss modalities on payment of the balance arbitral award to the Reliance Infrastructure-owned Delhi Airport Metro Express Private Limited. The managing director and director (finance) of the DMRC and representatives of several banks are expected to take part in the meeting to be held at Nirman Bhawan, they said. The DMRC on October 31 had told the Delhi High Court that a meeting with the Centre and the city government was scheduled to discuss modalities on payment of the balance arbitral award to the Delhi Airport Metro Express Private Limited (DAMEPL). The DMRC told the court that the meeting is fixed for November 10 and some proposals are expected to come out of it. The high court was hearing an application from the DAMEPL which said the DMRC has paid it only Rs 166.44 crore on March 14. The DAMEPL has also sought directi

Reliance Industries Infrastructure records 11.4% drop in Q2 net profit

Reliance Industrial Infrastructure Ltd (RIIL) on Saturday reported an 11.4 per cent drop in the second quarter net profit on flattish revenue. Net profit of Rs 2.26 crore in July-September was 11.4 per cent lower than Rs 2.55 crore net profit in the same period last year, the company said in a statement. The profit was however 61 per cent higher than Rs 1.40 crore net profit in the preceding April-June quarter. Revenue was almost unchanged at Rs 21.2 crore. "The company continues to provide infrastructure support services namely transportation of petroleum products and raw water through pipelines, construction machinery on hire, and other support services to Reliance Industries Group, with a substantial portion provided to Reliance Industries Limited," it said. "The company presently does not have any expansion plans on the anvil.

Reliance Infra had filed arbitration claim of Rs 500 crore: Adani

Reacts to RInfra statement of last week, which said it has filed a claim of Rs 13,400 crore; Adani says it has filed counterclaims

Reliance Infrastructure files Rs 13K-crore claim in Adani power deal

Reliance cited a breach of a December 2017 share purchase agreement relating to the transfer of its Mumbai power distribution business to Adani Transmission

Reliance Infra files Rs 13,400-cr claim in power deal with Adani

Reliance cited a breach in the terms of a December 2017 agreement, and filed its statement of claim before the Mumbai Centre for International Arbitration

Reliance Infrastructure moves Mumbai arbitration centre against Adani

Reliance Infrastructure has filed its statement of arbitration claims for a sum of approx Rs 13,400 crore before the Mumbai Centre for International Arbitration, the company said

Lenders agree to RNTL-Reliance Industries' takeover deal: Report

Two years after the deal was approved by the NCLT, banks led by the State Bank of India (SBI) have agreed to issue a no objection certificate (NOC) to Mukesh Ambani-owned Reliance Industries

Reliance Infra Q1 net loss narrows to Rs 66.11 cr; income rises 37%

Its total consolidated income during the quarter under review rose to Rs 6,349.34 crore as against Rs 4,623.17 crore in the year-ago period.

Windfall tax: RIL's refining margins to be hit by upto $8/bbl, say analysts

The government has imposed a sharp windfall tax of Rs 13 per litre on diesel exports and Rs 6 per litre on gasoline exports

20 yrs of privatised Delhi discoms: Leap in tech but feet tied in populism

Delhi's power purchase cost has risen by 300% since 2014 but the tariff has only risen by 90%

Adani, L&T among 18 firms to show interest in BSES smart meter tender

With 5 million meters, this is the largest tender in the country

BSES to install 5 mn smart meters across Delhi in country's largest rollout

Floats tender worth Rs 4,000 crore to procure the meters; installation to start by October

Reliance Infra to receive Rs 595 cr from Damodar Valley Corp by July end

Reliance Infrastructure Limited (Reliance Infra) is set to receive a sum of Rs 595 crore from Damodar Valley Corporation (DVC) by July 31.

No VC hearings in the Supreme Court today; physical hearings to continue

Delhi was hit by a thunderstorm on Monday evening, leading to several parts of the national capital facing blackouts

RInfra posts 72% loss at Rs 449 crore in Q4, total income down by 8%

Reliance Infrastructure on Friday reported a loss of Rs 449.13 crore in the March 2022 quarter. The company had reported a consolidated net profit of Rs 1,611.02 crore in the corresponding quarter of FY21, a BSE filing said. The total income in the quarter under review declined to Rs 4,467.61 crore from Rs 7,860.81 crore in the year-ago period. In FY22, the company reported its consolidated net loss at Rs 938.39 crore, while it had posted a consolidated net profit of Rs 1,125.25 crore in the preceding fiscal. Total income in the fiscal also came down to Rs 19,132.55 crore from Rs 20,914.89 crore in 2020-21. It said that in FY22, Delhi Metro Rail Corporation paid Rs 1,766 crore to Delhi Airport Metro Express Ltd against arbitration award, which was used for debt reduction. Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as power, roads and metro rail in t

RInfra's subsidiary plea: DMRC provides details of funds in its bank a/c

As per the filing, DMRC has Rs 5,694 crores in its various bank accounts, as against DAMEPL's claim of above Rs 6,208 crores

Delhi High Court seeks DMRC's stand on due payment to DAMEPL

DAMEPL says that it wants the execution of arbitral award at the earliest and is not agreeable to any alternate proposal from DMRC

DMRC in contempt of HC order, fails to furnish bank a/c info: RIL infra arm

The Reliance Infrastructure subsidiary, DAMEPL has filed an application in the Delhi High Court on January 7 stating that DMRC in contempt, has failed to comply with the last order of the court